Common use of Corporate Debt Securities Clause in Contracts

Corporate Debt Securities. the Fitch Discount Factor for corporate debt securities is the percentage determined by reference to the rating on such asset with reference to the remaining term to maturity of such asset, in accordance with the table set forth below. FITCH DISCOUNT FACTORS FOR CORPORATE DEBT SECURITIES INCLUDING NON-INVESTMENT GRADE BONDS Terms to Maturity AAA AA A BBB BB Unrated(1) ----------------- --- -- - --- -- ---------- 1 year or less 106% 108% 110% 112% 130% 152% 2 years or less (but longer than 1 year) 106% 108% 110% 112% 130% 152% 3 years or less (but longer than 2 years) 106% 108% 110% 112% 130% 152% 4 years or less (but longer than 3 years) 111% 113% 115% 117% 134% 152% 5 years or less (but longer than 4 years) 111% 113% 115% 117% 134% 152% 7 years or less (but longer than 5 years) 114% 116% 118% 120% 136% 152% 10 years or less (but longer than 7 years) 116% 118% 120% 122% 137% 152% 15 years or less (but longer than 10 years) 120% 122% 124% 124% 139% 152% 30 years or less (but longer than 15 years) 124% 127% 129% 129% 145% 152% Greater than 30 years 124% 127% 129% 129% 145% 152% (1) If a security is not rated by Fitch but is rated by two other Rating Agencies, then the lower of the ratings on the security from the two other Rating Agencies will be used to determine the Fitch Discount Factor (e.g., where the S&P rating is A and the Moody's rating is Baa, a Fitch rating xx XXX will be used). If a security is not rated by Fitch but is rated by only one other Rating Agency, then the rating on -11- the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA, a Fitch rating of AAA will be used, and where the only rating on a security is a Moody's rating of Ba, a Fitch rating ox XX xxll be used). If a security is either not rated by any Rating Agency or is rated below BB, the Trust will use the percent set forth under "Unrated" in the table above. The Fitch Discount Factors presented in the immediately preceding table apply to corporate debt securities that are performing and have a Market Value determined by a Pricing Service of an Approved Price. The Fitch Discount Factor noted in the table above for a debt security rated B by Fitch shall apply to any non-performing debt security with a price equal to or greater than 90% of par. The Fitch Discount Factor noted in the table above for a debt security rated below B by Fitch shall apply to any non-performing debt security with a price less than 90% of par but equal to or greater than 20% of par. If a debt security does not have a Market Value determined by a Pricing Service or an Approved Price, a rating two rating categories below the actual rating on the debt security will be used (e.g., where the actual rating is A-, the rating for debt securities rated BB- will be used). The Fitch Discount Factor for a debt security issued by a limited partnership that is not a Rule 144A Security shall be the Discount Factor determined in accordance with the table set forth above multiplied by 105%. The Fitch Discount Factors presented in the immediately preceding table will also apply to corporate obligations backed by a guarantee, a letter of credit or insurance issued by a third party. If the third-party credit rating is the basis for the rating on the obligation, then the rating on the third party will be used to determine the Fitch Discount Factor in the table.

Corporate Debt Securities. the Fitch Discount Factor for corporate debt securities is the percentage determined by reference to the rating on such asset with reference to the remaining term to maturity of such asset, in accordance with the table set forth below. FITCH DISCOUNT FACTORS FOR CORPORATE DEBT SECURITIES INCLUDING NON-INVESTMENT GRADE BONDS Terms to Maturity AAA AA A BBB BB Unrated(1) ----------------- --- -- - --- -- ---------- 1 year or less 106% 108% 110% 112% 130% 152% 2 years or less (but longer than 1 year) 106% 108% 110% 112% 130% 152% 3 years or less (but longer than 2 years) 106% 108% 110% 112% 130% 152% 4 years or less (but longer than 3 years) 111% 113% 115% 117% 134% 152% 5 years or less (but longer than 4 years) 111% 113% 115% 117% 134% 152% 7 years or less (but longer than 5 years) 114% 116% 118% 120% 136% 152% 10 years or less (but longer than 7 years) 116% 118% 120% 122% 137% 152% 15 years or less (but longer than 10 years) 120% 122% 124% 124% 139% 152% 30 years or less (but longer than 15 years) 124% 127% 129% 129% 145% 152% Greater than 30 years 124% 127% 129% 129% 145% 152% (1) If a security is not rated by Fitch but is rated by two other Rating Agencies, then the lower of the ratings on the security from the two other Rating Agencies will be used to determine the Fitch Discount Factor (e.g., where the S&P rating is A and the Moody's rating is Baa, a Fitch rating xx XXX Fixxx xxxing of BBB will be used). If a security is not rated by Fitch but is rated by only one other Rating Agency, then the rating on -11- the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA, a Fitch rating of AAA will be used, and where the only rating on a security is a Moody's rating of Ba, a Fitch rating ox XX xxll be used). If a security is either not rated by any Rating Agency or is rated below BB, the Trust will use the percent set forth under "Unrated" in the table above. The Fitch Discount Factors presented in the immediately preceding table apply to corporate debt securities that are performing and have a Market Value determined by a Pricing Service of an Approved Price. The Fitch Discount Factor noted in the table above for a debt security rated B by Fitch shall apply to any non-performing debt security with a price equal to or greater than 90% of par. The Fitch Discount Factor noted in the table above for a debt security rated below B by Fitch shall apply to any non-performing debt security with a price less than 90% of par but equal to or greater than 20% of par. If a debt security does not have a Market Value determined by a Pricing Service or an Approved Price, a rating two rating categories below the actual rating on the debt security will be used (e.g., where the actual rating is A-, the rating for debt securities rated BB- will be used). The Fitch Discount Factor for a debt security issued by a limited partnership that is not a Rule 144A Security shall be the Discount Factor determined in accordance with the table set forth above multiplied by 105%. The Fitch Discount Factors presented in the immediately preceding table will also apply to corporate obligations backed by a guarantee, a letter of credit or insurance issued by a third party. If the third-party credit rating is the basis for the rating on the obligation, then the rating on the third party will be used to determine the Fitch Discount Factor in the table.-11-

Corporate Debt Securities. the Fitch Discount Factor for corporate debt securities is the percentage determined by reference to the rating on such asset with reference to the remaining term to maturity of such asset, in accordance with the table set forth below. FITCH DISCOUNT FACTORS FOR CORPORATE DEBT SECURITIES INCLUDING NON-INVESTMENT GRADE BONDS Terms to Maturity AAA Aaa AA A BBB BB Unrated(1) ----------------- --- -- - --- --- --- -- ---------- 1 year or less 106% 108% 110% 112% 130% 152% 2 years or less (but longer than 1 year) 106% 108% 110% 112% 130% 152% 3 years or less (but longer than 2 years) 106% 108% 110% 112% 130% 152% 4 years or less (but longer than 3 years) 111% 113% 115% 117% 134% 152% 5 years or less (but longer than 4 years) 111% 113% 115% 117% 134% 152% 7 years or less (but longer than 5 years) 114% 116% 118% 120% 136% 152% 10 years or less (but longer than 7 years) 116% 118% 120% 122% 137% 152% 15 years or less (but longer than 10 years) 120% 122% 124% 124% 139% 152% 30 years or less (but longer than 15 years) 124% 127% 129% 129% 145% 152% Greater than 30 years 124% 127% 129% 129% 145% 152% (1) If a security is not rated by Fitch but is rated by two other Rating Agencies, then the lower of the ratings on the security from the two other Rating Agencies will be used to determine the Fitch Discount Factor (e.g., where the S&P rating is A and the Moody's rating is Baa, a Fitch rating xx XXX Fitxx xxxxng of BBB will be used). If a security is not rated by Fitch but is rated by only one other Rating Agency, then the rating on -11- the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA, a Fitch rating of AAA will be used, and where the only rating on a security is a Moody's rating of Ba, a Fitch rating ox XX xxll Fitcx xxxxxg of BB will be used). If a security is either not rated by any Rating Agency or is rated below BB, the Trust will use the percent set forth under "Unrated" in the table above. The Fitch Discount Factors presented in the immediately preceding table apply to corporate debt securities that are performing and have a Market Value determined by a Pricing Service of an Approved Price. The Fitch Discount Factor noted in the table above for a debt security rated B by Fitch shall apply to any non-performing debt security with a price equal to or greater than 90% of par. The Fitch Discount Factor noted in the table above for a debt security rated below B by Fitch shall apply to any non-performing debt security with a price less than 90% of par but equal to or greater than 20% of par. If a debt security does not have a Market Value determined by a Pricing Service or det an Approved Price, a rating two rating categories below the actual rating on the debt security will be used (e.g., where the actual rating is A-, the rating for debt securities rated BB- will be used). The Fitch Discount Factor for a debt security issued by a limited partnership that is not a Rule 144A Security shall be the Discount Factor determined in accordance with the table set forth above multiplied by 105%. The Fitch Discount Factors presented in the immediately preceding table will also apply to corporate obligations backed by a guarantee, a letter of credit or insurance issued by a third party. If the third-party credit rating is the basis for the rating on the obligation, then the rating on the third party will be used to determine the Fitch Discount Factor in the table.

Corporate Debt Securities. the Fitch Discount Factor for corporate debt securities is the percentage determined by reference to the rating on such asset with reference to the remaining term to maturity of such asset, in accordance with the table set forth below. FITCH DISCOUNT FACTORS FOR CORPORATE DEBT SECURITIES INCLUDING NON-INVESTMENT GRADE BONDS Terms to Maturity AAA AA A BBB BB Unrated(1) ----------------- --- -- - --- -- ---------- 1 year or less 106106 % 108108 % 110110 % 112112 % 130130 % 152152 % 2 years or less (but longer than 1 year) 106106 % 108108 % 110110 % 112112 % 130130 % 152152 % 3 years or less (but longer than 2 years) 106106 % 108108 % 110110 % 112112 % 130130 % 152152 % 4 years or less (but longer than 3 years) 111111 % 113113 % 115115 % 117117 % 134134 % 152152 % 5 years or less (but longer than 4 years) 111111 % 113113 % 115115 % 117117 % 134134 % 152152 % 7 years or less (but longer than 5 years) 114114 % 116116 % 118118 % 120120 % 136136 % 152152 % 10 years or less (but longer than 7 years) 116116 % 118118 % 120120 % 122122 % 137137 % 152152 % 15 years or less (but longer than 10 years) 120120 % 122122 % 124124 % 124124 % 139139 % 152152 % 30 years or less (but longer than 15 years) 124124 % 127127 % 129129 % 129129 % 145145 % 152152 % Greater than 30 years 124124 % 127127 % 129129 % 129129 % 145145 % 152152 % (1) If a security is not rated by Fitch but is rated by two other Rating Agencies, then the lower of the ratings on the security from the two other Rating Agencies will be used to determine the Fitch Discount Factor (e.g., where the S&P rating is A and the Moody's Xxxxx'x rating is Baa, a Fitch rating xx XXX of BBB will be used). If a security is not rated by Fitch but is rated by only one other Rating Agency, then the rating on -11- the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA, a Fitch rating of AAA will be used, and where the only rating on a security is a Moody's Xxxxx'x rating of Ba, a Fitch rating ox XX xxll of BB will be used). If a security is either not rated by any Rating Agency or is rated below BB, the Trust will use the percent set forth under "Unrated" in the table above. The Fitch Discount Factors presented in the immediately preceding table apply to corporate debt securities that are performing and have a Market Value determined by a Pricing Service of an Approved Price. The Fitch Discount Factor noted in the table above for a debt security rated B by Fitch shall apply to any non-performing debt security with a price equal to or greater than 90% of par. The Fitch Discount Factor noted in the table above for a debt security rated below B by Fitch shall apply to any non-performing debt security with a price less than 90% of par but equal to or greater than 20% of par. If a debt security does not have a Market Value determined by a Pricing Service or an Approved Price, a rating two rating categories below the actual rating on the debt security will be used (e.g., where the actual rating is A-, the rating for debt securities rated BB- will be used). The Fitch Discount Factor for a debt security issued by a limited partnership that is not a Rule 144A Security shall be the Discount Factor determined in accordance with the table set forth above multiplied by 105%. The Fitch Discount Factors presented in the immediately preceding table will also apply to corporate obligations backed by a guarantee, a letter of credit or insurance issued by a third party. If the third-party credit rating is the basis for the rating on the obligation, then the rating on the third party will be used to determine the Fitch Discount Factor in the table.